KING CITY, Ore. — JLL Capital Markets has arranged the sale of King City Senior Village in King City, a suburb of Portland.
Focus Healthcare Partners soled the property to Livingston Street Capital for an undisclosed price.
King City Senior Village is a 114-unit independent living property consisting of two living options: duplex cottages and traditional apartments. The community was built in 1986 and underwent significant renovations in 2018.
The JLL Capital Markets team representing the seller includes Cody Tremper, Mike Garbers and Dean Ferris.
“The property is standalone independent living and did not have any COVID-19 cases throughout the marketing process,” says Tremper. “The community actually increased occupancy throughout the sales process despite adverse market conditions. The buyer remained diligent in sourcing multiple banking relationships and relied on a longstanding existing relationship to fund the transaction.”